Section 179 Tax Break

Our staff at Preston Ford wants all of our customers to know about the benefits of the Section 179 tax break for when they need a new Ford commercial van or other vehicles. Section 179 of the IRS tax code was crafted to assist the growth of small businesses. This tax code section allows your company to deduct the total purchase price of any qualifying equipment and software that was purchased or financed throughout the fiscal year for up to a total of $1,000,000*. What that means is if you decide to purchase or lease a qualifying piece of equipment, you will be able to deduct the full purchase price from your gross income. The Section 179 tax break was made by the American government to encourage small businesses to purchase equipment and invest in their own brand. Nearly any type of business equipment that your company or business could need can qualify for this incentive.



Regarding any passenger vehicles, vans and trucks that are used more than 50% in a qualified business way, the total deduction for depreciation will include both the Section 179 expense deduction and a 100% Bonus Depreciation. This year, the Section 179 tax break will expire at midnight on 12/31/2018. In order to deduct the entire price of your equipment from your taxes and take advantage of the new limits, it must be bought and used by that date.



Here at Preston Ford, we are proud to say we have a diverse inventory of Ford commercial vans and other vehicles that are ready to help you take your business to new heights. The Section 179 tax break definitely will be useful in saving money on your next Ford Super Duty or the Ford Transit cargo van. The Ford Super Duty is engineered to pull heavy work equipment or whatever else you need to get the job done, while the Ford Transit cargo van has more than enough space for all of your tools. Visit Preston Ford today and take advantage of the Section 179 tax break to get your next commercial vehicle.


Contact

Preston Ford Inc.

4313 Preston Road
Directions Hurlock, MD 21643

  • Sales: (410) 673-7171
  • Service: (410) 673-7171
  • Parts: (410) 673-7171

Hours

  • Monday 8:30AM - 8:00PM
  • Tuesday 8:30AM - 8:00PM
  • Wednesday 8:30AM - 8:00PM
  • Thursday 8:30AM - 8:00PM
  • Friday 8:30AM - 8:00PM
  • Saturday 8:30AM - 6:00PM
  • Sunday Closed


*Please see tax professional for details
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